Job Postings on Indeed in Michigan
IHLIDXUSMI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.34
Year-over-Year Change
1.68%
Date Range
11/6/2022 - 8/1/2025
Summary
The Job Postings on Indeed in Michigan index tracks the volume of online job postings in the state, providing insights into local labor market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index measures the level of job postings on the Indeed job search platform for the state of Michigan. It serves as a real-time indicator of hiring demand and can be used to assess the strength of the local economy.
Methodology
The data is collected directly from the Indeed job board and aggregated to produce the index.
Historical Context
Economists and policymakers monitor this trend to understand current labor market dynamics and inform economic policy decisions.
Key Facts
- The index is based on a 7-day moving average of job postings.
- Michigan's index reached a record high in 2022 amid a tight labor market.
- The index can signal changes in hiring patterns across different industries.
FAQs
Q: What does this economic trend measure?
A: The Job Postings on Indeed in Michigan index measures the volume of online job postings in the state, providing insights into local labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This index serves as a real-time indicator of hiring demand in Michigan, which is valuable for understanding the strength of the local economy and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the Indeed job board and aggregated to produce the index.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand current labor market dynamics and inform their decision-making processes.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be some delays in data reporting or limitations in geographic or industry coverage.
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Citation
U.S. Federal Reserve, Job Postings on Indeed in Michigan (IHLIDXUSMI), retrieved from FRED.